APMEX

From Wikipedia, the free encyclopedia
Not to be confused with Ampex.
APMEX, Inc.
FormerlyEdmond Coins
TypePrivate
IndustryOnline precious metals e-commerce company
Founded2000 (2000)
HeadquartersOklahoma City, Oklahoma, United States
Key people
Owner Scott Thomas
CEO Kenneth Lewis
ProductsGold coins and bars
Silver coins and bars
Websitewww.apmex.com

APMEX, Inc., based in Oklahoma City, Oklahoma, is the world's largest online retailer of precious metals, with over $11 billion in transactions since its founding in 2000. The company offers more than 20,000 Gold, Silver, Platinum and Palladium coins, bars, bullion rounds, collectibles and other numismatics products from various mints around the world.

Products[]

APMEX offers Gold, Silver, Platinum and Palladium products, including coins, bars, jewelry, collectible coins, rare currency, and commemorative items. The company buys and sells bullion, numismatics, semi-numismatics, rare coins and currency. APMEX's customers range from collectors and investors to wholesale dealers.[1]

Associations[]

APMEX is a member of the American Numismatic Association, the International Precious Metals Institute and the Industry Council for Tangible Assets.[2]

APMEX has an A+ rating from the Better Business Bureau.[3]

APMEX is an active member of the Greater Oklahoma City Chamber.[4]

The Regional Food Bank of Oklahoma is APMEX's primary charity.[5]

History[]

APMEX headquarters in Oklahoma City, OK

Scott Thomas, an avid coin collector, was an underwriter for a mortgage company before founding Edmond Coins and forming American Precious Metals Exchange in Edmond, Oklahoma in 2000.[6] The company name was later shortened to APMEX.

In 2011, APMEX publicly paid a security deposit using gold bullion to Donald Trump for commercial space in The Trump Building in Manhattan's Financial District.[7] The payment was publicized as a commentary on the weakness of the American dollar.[8]

Timeline[]

  • 2000 - Edmond Coins founded in Edmond, Oklahoma, and American Precious Metals Exchange is formed.[6]
  • 2004 - APMEX.com is created.
  • 2007 - The 1 oz Silver APMEX Bar is introduced as the first product in the line of APMEX-branded products.
  • 2009 - APMEX opens international shipping with orders to Canada.
  • 2010 - APMEX relocates to the former Federal Reserve Bank of Oklahoma City.
  • 2011 - APMEX launches the MintDirect® program.[9]
  • 2012 - APMEX launches Citadel Global Depository Services, Inc.,[10] a wholly owned subsidiary that provides maximum-security storage managed by Brink's.
  • 2013 - APMEX launches exclusive partnership with eBay.[11]
  • 2014 - APMEX becomes an Authorized Purchaser[12] for U.S. Mint Gold and Platinum bullion coins, adding to the previously acquired Silver bullion.
  • 2018 - APMEX launches new line of Silver bullion - 9Fine Mint.
  • 2020 - APMEX launches exclusive partnership with PCGS.[13]
  • 2020 - APMEX launches new line of Silver bars - Pioneer Metals.

References[]

  1. ^ "APMEX, Inc.: Private Company Information - Businessweek". Bloomberg.com. Retrieved 2016-01-10.
  2. ^ "Industry Council for Tangible Assets". www.ictaonline.org. Retrieved 2020-01-30.
  3. ^ "American Precious Metals Exchange Business Review in Oklahoma City, OK - Central Oklahoma BBB". Bbb.org. 2013-07-01. Retrieved 2016-01-10.
  4. ^ "Greater Oklahoma City Chamber".
  5. ^ "APMEX Helps Regional Food Bank of Oklahoma".
  6. ^ Jump up to: a b Don Mecoy (2006-05-17). "Made in Oklahoma: Edmond Coins". News OK. Retrieved 2016-01-10.
  7. ^ "Trump's New Gold Standard". WSJ.com. 2011-09-14. Retrieved 2016-01-10.
  8. ^ "Local precious metals company pays Trump in gold bullion". Oklahoman.com. 2011-09-16. Retrieved 2020-06-11.
  9. ^ "MintDirect® | MintDirect® Premier | MintDirect® Premier & PCGS". APMEX. Retrieved 2020-06-11.
  10. ^ "Secure Silver & Gold Storage". APMEX. Retrieved 2020-06-11.
  11. ^ "eBay Launches Online Gold Store". Business Insider. 2013-01-11. Retrieved 2016-01-10.
  12. ^ "Where To Buy Bullion Coins | U.S. Mint". United States Mint. Retrieved 2020-06-11.
  13. ^ "APMEX MintDirect® Premier with PCGS FirstStrike®". PCGS. Retrieved 2020-06-11.
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